Let us help you open a business account.
Martha's Vineyard Bank offers a variety of accounts for business. Each account comes with the peace of mind that 100% of your deposits are insured and fully protected by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).
Online Savings
Our Online Savings account pays a competitive rate of interest and provides immediate access to funds with easy-to-use online and mobile banking features.
- Open your account online
- No minimum account balance and no monthly fees
- Immediate access to funds
Rates
- Min. Balance to Open
- $10.00
- Minimum Daily Balance to Earn A.P.Y.*
- $10.00
- Interest Rate
- 0.04%
- Annual Percentage Yield
- 0.04%
Rates Effective: 12/20/2024
*Annual Percentage Yield = Yield when principal and interest are left on deposit. Annual Percentage Yields greater than the Interest Rate show the effect of monthly compounding. Certificates of Deposit are subject to penalty for early withdrawal. With fixed rate term accounts, rates are guaranteed for the length of the term. Fees could reduce the earnings on the account.
Rates are subject to change at any time after the account is opened.
Contact a bank representative: 508-627-4266.
Sound Savings Plus
Preferred interest rates for high-balance accounts
Sound Savings Plus
Put your money to work for you with high-yield interest rates.
- Easily transfer between accounts
- Business Online Banking with no monthly fee
- Tiered interest rates
Smart Business Checking
Your primary operating account
Whether you are a sole proprietor or an S-Corp., year-round or seasonal business, we've tailored this account to be economical and simple.
- Flexible non-interest-bearing checking account
- Remote check deposit
- Online and Mobile Banking
- Set up a Zero Balance account
Requirements:
- Min. Balance to Open
- $10.00
Business NOW Checking
Great option for sole proprietor starting a business.
- Flexible non-interest-bearing checking account
- Online and Mobile Banking
- Remote check deposit available
Requirements:
- Min. Balance to Open
- $10.00
Money Market Checking
Tiered interest rate with opening balance as low as $2,500.
- Online and Mobile Banking
- Remote check deposit available
Rates & Requirements:
Money Market Account*
| Min. Balance to Open | Min. Daily Balance to Earn A.P.Y. | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
| $2,500.00 | $10.00 - $2,499.99 | 0.09% | 0.09% |
| $2,500.00 | $2,500.00 - $24,999.99 | 0.09% | 0.09% |
| $2,500.00 | $25,000.00 - $49,999.99 | 0.12% | 0.12% |
| $2,500.00 | $50,000.00 - $99,999.99 | 0.12% | 0.12% |
| $2,500.00 | $100,000.00 + | 0.12% | 0.12% |
Rates Effective: 12/20/2024
Rates are subject to change at any time after the account is opened.
*Annual Percentage Yield = Yield when principal and interest are left on deposit. Annual Percentage Yields greater than the Interest Rate show the effect of monthly compounding. Certificates of Deposit are subject to penalty for early withdrawal. With fixed rate term accounts, rates are guaranteed for the length of the term. Fees could reduce the earnings on the account.
Contact a bank representative: 508-627-4266.